Price for Spices; Cardamoms, Crushed or Ground in Angola - 2022

Contents:

  1. Price for Spices; Cardamoms, Crushed or Ground in Angola (CIF) - 2022
  2. Imports of Spices; Cardamoms, Crushed or Ground in Angola

Price for Spices; Cardamoms, Crushed or Ground in Angola (CIF) - 2022

The average import price for spices; cardamoms, crushed or ground stood at $8,513 per ton in 2022, increasing by 8.9% against the previous year. Over the period under review, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 130%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($22,000 per ton), while the price for South Africa ($1,167 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.4%), while the prices for the other major suppliers experienced a decline.

Imports of Spices; Cardamoms, Crushed or Ground in Angola

In 2022, spices; cardamoms, crushed or ground imports into Angola rose notably to 76 kg, increasing by 8.6% on the previous year. Over the period under review, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 63% against the previous year. As a result, imports attained the peak of 221 kg. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, spices; cardamoms, crushed or ground imports soared to $647 in 2022. The total import value increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 41%. As a result, imports reached the peak of $750. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Spices; Cardamoms, Crushed or Ground in Angola (USD)
COUNTRY2019202020212022CAGR,
2019-2022
India14.0193221302178.4%
Portugal66.072.042.088.010.1%
Netherlands21021812481.0-27.2%
United Arab Emirates10617787.060.0-17.3%
Spain76.039.018.021.0-34.9%
South Africa31.027.013.07.0-39.1%
CanadaN/A9.0N/AN/A0%
Others28.015.042.088.046.5%
Total5317505476476.8%

Top Suppliers of Spices; Cardamoms, Crushed or Ground to Angola in 2022:

  1. United Arab Emirates (25.0 kg)
  2. India (14.0 kg)
  3. Spain (14.0 kg)
  4. Netherlands (9.0 kg)
  5. South Africa (6.0 kg)
  6. Portugal (4.0 kg)

Source: IndexBox Market Intelligence Platform

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